The Wages of Sin
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Pull the Plug?
Electric Vehicles are starting to pile up as sales slow down.
Egging the Stock On
One of the longest-lived bullish positions I’ve ever offered on Slope was the world’s most boring company – Cal Maine (CALM) which sells freakin’ eggs. But a pattern is a pattern, and this thing continues to rock the free world.
Not So Super
Remember Super Micro Computer (SMCI)? They were so hot earlier this year that they got shoved into the NASDAQ 100 just a couple of days ago. It has lost almost HALF its value in the past few months. I’d say it has much, much lower prices ahead.
The H&S on NDX
On the last big move up on equities the main and, almost only, driver was Tech. That has ended for the time being and, since it ended, Tech has been leading the way down. For that reason I have mainly been looking at NDX for signs that this retracement might go lower.
In my premarket videos at theartofchart.net on Friday and Monday and Tuesday this week I was talking about the possibility that an H&S might form on NDX and NQ at the obvious big support level at the possible H&S neckline close to the monthly pivot. Support was found there and since then a decent looking right shoulder for that H&S has been forming. I gave the ideal right shoulder high in the 20,000 area, and NDX reached 19904.50, which is close enough for a decent looking pattern. This morning that H&S on NDX broke down with a target in the 18250 area.
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